TradeKing Begins Offering Binary Options

4 stars based on
44 reviews

Trade King is another of binary options brokers who are into the traditional forex trading as well as the automated binary options trades. It has been around for tradeking binary options review time, but the binary option part of it is relatively newer.

Trade King has been operational for some time in the assets trading. What is new is their auto-trading robot in the binary options market. While Trade King has always tradeking binary options review, always generated signals for their clients for years now, the new Trade King Auto Trading software will generate these signals and execute the actual trade for you.

This is what automation will do. For traders who prefer the automated systems or beginners in the binary options business, the Trade King Auto Trading system is one that you should NOT consider. Twenty minutes or less is all you need to open a trading account with the Trade King Auto Trading software.

One thing that Trade King has done to ease your signing in and to enhance its security systems is to provide a virtual keyboard. You will fill in the required info in the data capture forms tradeking binary options review open the account. Your account will then be ready to receive signals and execute trades. Trade King has made elaborate efforts in their client education programs.

This it has done by installing a learning center tradeking binary options review their members as well as the section for information on investment research.

This is commendable considering the fact most binary robots do not lay much emphasis on training their clients. In fact, they promote their systems as not requiring you to have any training or experience in binary options.

You can take advantage of the Learning Center to access information on binary options as well as other forms of binary options trading. This information will be in eBooks, webinars, blogs, articles, podcasts and others. The Investment Research Center will have factual and real-time information on a broad range of investment options in the asset markets, equity reports, Forex trading charts and much more.

On paper, Trade King appears to be the perfect model for online Forex trades. It has its flaws like many other players in the Forex markets. Limited training and education resources for novices: Trade King has plenty of resource-rich material for research and teaching, and that is not in doubt.

The problem is that all these resources tend to do directed at experienced traders as opposed to beginners. Regarding educational material, a beginner will feel alienated at Trade King. It could be alright for professionals in these trades, but it is not for novices. It is expensive for low-risk traders: Usually, people start to buy small amounts to see if they can make money in the online Forex trades.

The problem with this software is that it will require a tidy sum of money for somebody who wants to start small and build his portfolio of experience.

Here, beginners would rather try the binary robots which give the options that Trade King cannot provide. People with a low income interested in currency trades will be discouraged by the terms offered by this platform.

This creates the same problem that mechanical systems came to solve tradeking binary options review the first place. Trade King is right for the manual trading of Forex only if you have vast resources to draw from, and you are a high-risk trader. For the average trader and the beginners, it tradeking binary options review be a struggle to tradeking binary options review any decent returns with this platform. The best they tradeking binary options review do for themselves is to register with binary options robots for good yields.

To make money in currency trading, especially if you do not have the experience most traders with brokerage accounts have, sign up with Binary Option Robot for the best services. It is easy to join, and you can make your first trades as soon as you register. The minimum deposits are small and even people who have never sold in binary options, or any Forex trades for that matter, are all welcome.

There is training for beginners and tradeking binary options review customer support at Binary Option Robot. Further, you are protected from rogue brokers as this software is tradeking binary options review compatible with respected agents who have demonstrated a sustained profitability record over the years. For more Binary Reviews. The trouble is that fame of these software robots has attracted dubious copycats to the market, over-saturating it with binary options auto-traders that are nothing but a rip-off.

The worst binary options scams have tradeking binary options review known to randomly generate trades, or they may even deliberately destroy your tradeking binary options review. Familiarize yourself with these trading robot names and avoid them at all costs as you invest in binary options. Read more about these binary options robot scams, and ensure continuous profitability from your binary options trades for the long-term.

Binary options involve high-risk and are not suitable for all investors. Binary options may not be legal in your jurisdiction. Trade King Auto Trading Scam Trade King is another of binary options brokers who are into the traditional forex trading as well as the automated binary options trades.

Conclusion Trade King is right for the manual trading of Forex only if tradeking binary options review have vast resources to draw from, and you are a high-risk trader.

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Online brokers generally compete on the fees they charge and the functionality of the trading tools available. Although TradeKing is competitive in both of these areas, it's also focusing on creating something of a trader community. TradeKing was founded in , which makes it a relative newcomer, and it merged with another brokerage, Zucco, in Being one of the cheaper brokers for options traders it has experienced notable growth and has much to offer.

This allows them to continually add new traders on a regular basis which results in giving them the ability to add to their services. So signing up with this broker seems to be a good deal because it's relatively cheap and they continue to get improve all of their services.

Our review below covers exactly what TradeKing is all about in more detail, specifically in terms of trading options. We look at the commissions and fees, the quality of the trading platform, and the various research and analysis tools available. TradeKing is the ideal online options broker for those looking to keep trading costs to a minimum but still get a decent experience. The trading platform here may not be particularly advanced but it does all the basics well and is very easy to use.

The commission structure at TradeKing is both attractive and easy to understand. This makes TradeKing one of the cheapest brokers around for options trading. There is also an additional schedule of fees, but most of these will only apply if you want a particular extra service. Since first opening on the internet in , TradeKing has strived to make it as straightforward as possible for customers to make trades online.

Their trading platform reflects this aim. This isn't one of the most advanced trading platforms by any means, but it does what it needs to do and it does it well. For the most part the platform is very user friendly. The actual process for placing orders is not quite as easy at is elsewhere but it's far from difficult.

All options order types are covered so you can make simple trades and advanced trades from your account. The tools are rather limited, with not much more than the basics. You can get detailed quotes, create watch lists and alerts, and automatically implement your chosen strategies from an option chain. Over and above that, there is little else. Given the low costs though, if you are a self-directed trader that just wants to place your trades as quickly and as cheaply as possible then the TradeKing platform is certainly fit for its purpose.

The trading platform is mobile compatible and can be accessed from most smartphones and other mobile devices. The research and analysis tools available at TradeKing are also not hugely advanced. Again, though, much of what you absolutely need to successfully trade options is here. All customers get free access to MarketGrader research reports, which contain all the information you need to identify potential opportunities based on fundamental analysis.

Additionally there is an earnings calendar that allows you to keep track of when companies are expected to release their earnings reports. It also shows you information such as percentage changes in earnings per share and actual earnings compared to expected earnings in an easy to read format.

There's a decent suite of technical analysis tools, powered by Recognia. These feature chart pattern recognition, price forecasting and a range of trend identifiers and other technical tools. You can scan the market to find specific patterns that meet your chosen criteria and also set up email alerts to notify when such patterns are formed. You can get in touch via phone on Monday to Friday, between 8am and 6pm EST, and there is also live chat available. There is email support too, and the broker guarantees a response within 2 hours during normal working hours.

A 24 hour response time is guaranteed over weekends. In our experience the customer support staff at TradeKing are both helpful and knowledgeable. Customer service here is definitely comparable with other top online options brokers. TradeKing has plenty to offer all types of options traders. It might be somewhat lacking in terms of advanced tools and features but it's very functional. All the basics for order entry, research, and analysis are included and everything is easy to use.

If you aren't particularly fussy about having access to the bells and whistles available at some brokers and just want to keep your trading costs down then this broker is ideal. The community aspect of TradeKing shouldn't be ignored either. This is a great way to interact with other traders and can be a big help in developing strategies and identifying opportunities for investment and trading.

There are also some quality educational resources available to TradeKing customers. Full Review of TradeKing Online brokers generally compete on the fees they charge and the functionality of the trading tools available. Who We Recommend TradeKing to. Additional Services at TradeKing. There is no minimum deposit for opening an account with TradeKing. Summary TradeKing has plenty to offer all types of options traders.